Moody's Changes Outlook on Canada's Banking System to Negative

The Canadian government's intention to create a "bail-in" regime for the country's biggest lenders could deal a blow to bank creditworthiness over the next 12 to 18 months, a new report warned.

Moody's Investors Service on Tuesday changed its outlook on the Canadian banking system to "negative" from "stable." The ratings agency said Ottawa is moving ahead with plans to limit taxpayer exposure in the event...